Once you get hit with a $675 to $750 HOA the NOI will become more of a debt service coverage.I would sell and if you get hit with a tax just 1031 Exchange it into the new purchase.

Also, do I really get tax benefits for hiring my family member.

Both would appreciate the monthly income over a lump sum as well, and it will help with taxes as the property is inherited and has increased in value. 

Not sure your tax basis but you also get to spread your  Cap gains out..

Hi Guys - can you help me find a good affordable rental property management software which has the capabilities to send reminders for tax due dates, maintenance and can accommodate affordable housing?

Can anyone give me some tips on the area and coming up with a number based on those factors?

Tips for doing well include making connections, keeping up with news, and being patient.Good luck!

My payment is $1000 with around $300 to tax and insurance.

Is there any way of having that property owned by an out of state LLC and not paying the franchise tax for just one property? 

BP does not promote the easy way to make Money from Real Estate by buying your Home and living in it for 2 out of 5 years to Sell for up to $250,000 Tax-free.